The exchange rate of Ethereum has never been able to rise. This issue was also discussed in the live broadcast on Friday.
Currently, the market share of Bitcoin has recovered, but the price has not moved out of the high point.
It is obvious that we will enter a short-term correction here. Ethereum cannot stand up, and it is difficult for the copycat to rise.
Last night was a rare collapse of Bitcoin and copycat at the same time, and the entire market value evaporated by nearly 300 billion.
So the recent golden cycle of copycats needs to enter a short cooling period, and the market speculation enthusiasm will return to Bitcoin again.
Returning to Bitcoin is not a good thing. Usually, the increase in Bitcoin liquidity is when shorts gather.
It took a month for the copycat to pull the market, and it only took one day to fall. Now the copycat has entered the stage of being abandoned by others and I will take it (if you think it is the bottom, then there is no bottom).
My idea is to wait a little longer. When the market share of Bitcoin reaches 60 or even higher, the copycat will be abandoned by others and I will not take it. It will be better to buy the one with a strong narrative.
At present, the only new currencies that can support the copycat are the newly listed currencies. This requires your own consideration. I buy copycats myself and either sell them at a loss or lose money.